Massachusetts Financial Services Co. MA Has $27.51 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Massachusetts Financial Services Co. MA trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 619,818 shares of the business services provider’s stock after selling 198,787 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.39% of ExlService worth $27,508,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in ExlService in the fourth quarter valued at about $8,682,000. Smith Group Asset Management LLC boosted its stake in shares of ExlService by 1.9% in the 4th quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock valued at $18,755,000 after purchasing an additional 7,694 shares in the last quarter. Oak Ridge Investments LLC grew its stake in shares of ExlService by 3.1% during the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider’s stock worth $14,697,000 after buying an additional 9,859 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of ExlService by 23.2% during the third quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider’s stock worth $397,000 after buying an additional 1,959 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of ExlService by 62.6% in the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock valued at $17,040,000 after acquiring an additional 171,912 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,351 shares of company stock valued at $2,337,284. Corporate insiders own 4.16% of the company’s stock.

ExlService Stock Performance

NASDAQ:EXLS opened at $42.86 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The company has a 50 day simple moving average of $48.48 and a two-hundred day simple moving average of $45.19. The company has a market capitalization of $6.96 billion, a PE ratio of 37.60, a P/E/G ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. Research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXLS. Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC upped their price objective on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group lifted their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.86.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.